Objectives of Programme's Learning Outcomes

• Implement an academic view on knowledge, particularly through the mastery of methods and literature research tools.
• Develop and structure reasoning by basing it on suitable scientific arguments
• Actively master the fundamental concepts and models of economic sciences and management sciences
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Understand how organisations and markets work
• Mobilise communication skills in two languages other than French, both orally and in writing, as a presentation of an argument or piece of research in accordance with scientific ethics.
• Communicate in a clear and structured manner on issues of economics and management
• Critically compare knowledge acquired to real situations.
• Demonstrate an acute sense of analysis, criticism and ethics in relation to various issues in economics and management.
• Demonstrate working and analytical rigour.
• Be rigorous and independent in learning, particularly through adequate planning of activities to be undertaken in order to best utilise the time available.
• Develop their scientific curiosity and open-mindedness

Learning Outcomes of UE

To develop an intuitive understanding of models describing companies and client's decision-making: partial market equilibrium, general equilibrium, market failures, strategic interactions (game theory), asymmetric information...
To be able to interpret these market equilibria, maximizing models and models of strategic interaction with graphical representations.
To apply the above-cited theories in numeric exercises.

UE Content: description and pedagogical relevance

Companies' decisions in a competitive market, consumer surplus and producer surplus in different market structures (partial equilibrium models), game theory, general equilibrium (Edgeworth box), market failures, such as asymetric information, extrenalities and public goods.  Regulations that will decrease these market failures.

Prior Experience

The course will build on basic insignts from the course Microeconomics 1: supply and demand functions, price elasticity, maximisation of utility, marginal cost vs average cost, profit maximisation etc. 

Type(s) and mode(s) of Q1 UE assessment

• Written examination - Face-to-face

Q1 UE Assessment Comments

Multiple choice test

Type(s) and mode(s) of Q1 UE resit assessment (BAB1)

• Written examination - Face-to-face

Q1 UE Resit Assessment Comments (BAB1)

Multiple choice test

Q2 UE Assessment Comments

Not applicable.

Type(s) and mode(s) of Q3 UE assessment

• Written examination - Face-to-face

Q3 UE Assessment Comments

Multiple choice test